BlackRock’s consensus price target saw a marginal decrease, as both the discount rate and future P/E estimates remained essentially unchanged, resulting in a slight reduction in fair value from $1166 to $1158.
What's in the News
- BlackRock expanded its infrastructure ETF suite with the launch of the iShares Infrastructure Active ETF (BILT), offering global exposure to 50-60 listed infrastructure companies and leveraging the firm's extensive infrastructure investing expertise.
- BlackRock is involved in consortium negotiations for the purchase of port assets at the Panama Canal from CK Hutchison, with growing geopolitical complexity as a potential Chinese investor may join, responding to regulatory scrutiny from China and the US.
- RepRisk business conduct risk data is now integrated into BlackRock's Aladdin platform, providing real-time, granular risk insights for portfolio management across public and private markets.
- Vestmark, in partnership with iCapital, BlackRock, and Dynasty, launched a tax-managed UMA solution enabling RIAs to combine alternative investments and public market assets in a single account, utilizing BlackRock's asset allocation models.
- BlackRock completed $375 million in share repurchases in the latest quarter, reaching a total buyback of $16.75 billion under its long-term program.
Valuation Changes
Summary of Valuation Changes for BlackRock
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $1166 to $1158.
- The Discount Rate for BlackRock remained effectively unchanged, moving only marginally from 7.79% to 7.71%.
- The Future P/E for BlackRock remained effectively unchanged, moving only marginally from 28.55x to 28.30x.
Disclaimer
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